X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Europe is one big step closer to payments integration with the announcement that the deadline for migration to the Single Euro Payments Area (SEPA) has been set for Feb. 1, 2014, a deadline ratified in February by the European Parliament. Aside from the headline 2014 date, existing niche schemes which represent less than 10% of credit transfer or direct debit payment volumes in a particular country have until 2016 to migrate to the SEPA credit transfer (SCT) and SEPA direct debit (SDD) schemes.

Reactions to the SEPA end-date have largely been positive. It is widely acknowledged that a deadline is essential if full migration to SEPA is ever to occur, given the pace of uptake so far. As of December, SCTs represented 23.7% of all credit transfers within the eurozone, while SDDs made up a mere 0.5% of all direct debits, according to data from the European Central Bank (ECB).

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.